UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 1, 2004
ALBANY INTERNATIONAL CORP.
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(Exact name of registrant as specified in its charter)
Delaware 0-16214 14-0462060
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1373 Broadway, Albany, New York 12204
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (518) 445-2200
None
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13a-4(c))
Item 8.01 Other Events
On November 1, 2004, Albany International issued a news release announcing the
purchase of 500,000 shares of its Class A Common Stock. A copy of the news
release is furnished as Exhibit 99.1 to this report.
On November 2, 2004, Albany International issued a new release noting that the
number of shares of stock outstanding after the purchase, as disclosed in the
November 1, 2004 new release, was incorrect. A copy of the news release is
furnished as Exhibit 99.2 to this report.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ALBANY INTERNATIONAL CORP.
By: /s/ Michael C. Nahl
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Name: Michael C. Nahl
Title: Senior Vice President and
Chief Financial Officer
(Principal Financial Officer)
Date: November 2, 2004
EXHIBIT INDEX
Exhibit No. Description
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99.1 Registrant's news release dated November 1, 2004
99.2 Registrant's news release dated November 2, 2004
Exhibit 99.1
ALBANY INTERNATIONAL ANNOUNCES STOCK PURCHASE
Albany, New York, November 1, 2004 - Albany International Corp.
(NYSE/PSE/FWB:AIN) announced today that it had purchased 500,000 shares of its
Class A Common Stock in a private transaction at a price of $30.00 per share
from an institutional investor. The purchase brings the total number of shares
purchased in 2004 to 2,819,943, representing 8.4% of the shares of total Common
Stock outstanding at the beginning of 2004. After the most recent purchase,
31,721,629 shares of Common Stock remain outstanding. Under the
three-million-share authorization of the Board of Directors, given in 1998, the
Company may purchase up to an additional 53,100 shares without further notice.
Albany International is the world's largest producer of paper machine clothing
and high-performance doors with manufacturing plants strategically located to
serve its customers throughout the world. Additional information about the
Company and its businesses and products is available at www.albint.com.
Exhibit 99.2
ALBANY INTERNATIONAL CORRECTS NUMBER OF SHARES REPORTED OUTSTANDING
Albany, New York, November 2, 2004 - In its November 1 news release announcing
the purchase of 500,000 shares of Class A Common Stock, Albany International
Corp. (NYSE/PSE/FWB:AIN) incorrectly reported that 31,721,629 shares of Common
Stock remained outstanding after such purchase. The release should have stated
that 31,262,213 such shares remained outstanding after such purchase. All other
information in the November 1 announcement was correct.
Albany International is the world's largest producer of paper machine clothing
and high-performance doors with manufacturing plants strategically located to
serve its customers throughout the world. Additional information about the
Company and its businesses and products is available at www.albint.com.